JPMorgan Trims Badger Meter (BMI) Price Target as Part of 2026 Outlook

Badger Meter, Inc. (NYSE:BMI) is included among the 15 Best Stocks to Buy for the Long Term.

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On December 8, JPMorgan lowered the firm’s price target on Badger Meter, Inc. (NYSE:BMI) to $235 from $240 and maintained an Overweight rating on the shares. The update came as part of the firm’s 2026 outlook on the clean energy market. JPMorgan expects another year of strong performance for utility-scale projects in the renewables space, though it sees the market shifting toward larger, more complex projects and tougher regulations, which could lead to more consolidation. The analyst said they still prefer companies with US manufacturing, diverse customers, and solid balance sheets.

On November 7, Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend of $0.40 per share, which was consistent with its previous dividend. In addition, the Board approved a new share repurchase authorization for up to $75 million of the company’s outstanding common stock through November 2028. This new program would enable the company to purchase shares from time to time in the open market. In its press release, the company declared that it has been returning value to shareholders through growing dividends for 33 consecutive years.

Badger Meter, Inc. (NYSE:BMI) is an American company that specializes in flow measurement, water quality, and control products, serving water utilities and other commercial customers.

While we acknowledge the potential of BMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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